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Sphere 3D raises $4 million through warrant exercise.
ByAinvest
Friday, Oct 17, 2025 4:22 pm ET1min read
Sphere 3D Corp. has announced a warrant inducement transaction for $4.0 million in gross proceeds. The company has entered into a warrant inducement agreement with an existing institutional investor to immediately exercise 4,368,211 shares of common stock at a reduced exercise price of $0.94. The net proceeds will be used for working capital and general corporate purposes.
Sphere 3D Corp. (NASDAQ: ANY) has announced a significant warrant inducement transaction, generating $4.0 million in gross proceeds. The company has entered into a warrant inducement agreement with an existing institutional investor to immediately exercise 4,368,211 shares of common stock at a reduced exercise price of $0.94, according to a
.The transaction is expected to close on or about October 17, 2025, subject to customary closing conditions, according to
. The net proceeds will be used for working capital and general corporate purposes, providing a boost to the company's financial stability and operational efficiency.In exchange for the immediate exercise of the existing warrants, the investor will receive new unregistered October 2025 warrants to purchase up to 8,736,422 shares of common stock. These new warrants, with an exercise price of $0.94, will become exercisable only after stockholder approval and will expire five years from the approval date, the StockTitan report said.
The warrant inducement agreement underscores Sphere 3D's commitment to capital efficiency and strategic financial management. The company's focus on increasing shareholder value while adhering to strict environmental, social, and governance standards remains a key aspect of its business strategy, as noted in
.Sphere 3D has agreed to file a registration statement with the SEC covering the resale of common stock issuable upon exercise of the new warrants. The securities were offered only to accredited investors, and the transaction is subject to the applicable securities laws and regulations, the StockTitan report adds.
This transaction highlights Sphere 3D's ability to secure substantial funding through strategic financial arrangements, positioning the company for continued growth and expansion in the digital asset mining sector.
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